November 2016: Samsung to Buy Harman International Industries Inc. for $8 Billion
Updated February 11, 2017 | Infoplease Staff
Here's a slideshow depicting the major world news events of November 2016.
1. Iraqi Forces Enter Mosul 2. Hundreds of Migrants Drown Off Libya 3. British High Court Ruling Will Slow Brexit 4. China Blocks New Hong Kong Legislators 5. ISIS Kidnaps Hundreds of Civilians Outside Mosul 6. Poet, Songwriter Leonard Cohen Dies 7. South African President Zuma Survives Another No-Confidence Vote 8. Samsung to Buy Harman International for $8 Billion 9. Russian Economy Minister Alexey Ulyukaev Arrested 10. Shiite Pilgrims Killed by ISIS 11. First U.S. Casualty in Syria 12. Fidel Castro Dies 13. Franois Fillon Wins French Presidential Nomination 14. OPEC Agrees to Cut Oil Production 15. Columbia: New Peace with FARC
- Samsung to Buy Harman International Industries Inc. for $8 Billion
- On Nov. 14, 2016, Samsung announces that they will buy Harman International Industries Inc. for $8 billion. This will move Samsung into the automotive industry and is Samsung's largest overseas acquisition to date; the company is based in South Korea. The company is hoping to become the go-to supplier for in-car entertainment to connected-auto services. The decision to buy Harman is brought to the board by Jay Lee, who recently ascended to the company's electronics board.
- Photo source: AP Photo/Lee Jin-man